Payment by the City Sample Clauses

Payment by the City. The City shall provide by payment a total amount not to exceed the amount set forth above for services provided in this Agreement.
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Payment by the City. Article K-1 –
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Payment by the City. The CITY agrees to pay 50% of the Maximum Cost to the COUNTY upon the commencement of construction, which date shall be the date indicated on the COUNTY’s notice of commencement issued to its Contactor. When the CITY has made final inspection and has deemed the Improvement to have been constructed in accordance with the contract documents the CITY shall promptly pay to the COUNTY the remaining balance of the Maximum Cost, up to the actual cost of the project for all work due under the terms of this agreement.
Sample 1
Payment by the City. The City shall Authorize payment to be made to the Developer pursuant to the applicable provisions of the Fiscal Agent Agreement within 10 business days of the approval or deemed approval pursuant to Subsection 6(e)(iii) above. The City may Authorize any payment jointly to the Developer and any mortgagee or trust deed beneficiary, contractor or supplier of materials, as their interests may appear, or solely to any such third party, if the Developer so requests the same in writing or as the City otherwise determines such joint or third party payment is necessary to obtain lien releases. Subject to Section 3(a), if there are insufficient Funding Sources to pay the full amount of a payment request, then the City shall Authorize as much of the amount on the payment request as there are Funding Sources available, and the payment of the balance of the payment request shall be deferred until there are sufficient Funding Sources available to the remaining balance of the payment request. Promptly following the availability of Funding Sources, the City shall, from time to time and in as many installments as necessary, Authorize the remaining balance of the payment request. Payment requests may be paid (i) in any number of installments as Funding Sources become available and (ii) irrespective of the length of time of such deferral of payment.
Sample 1
Payment by the City. ‌ (a) RMS must give the City Representative a progress claim, with respect to the Works Costs incurred in connection with the Works for the previous month, on the last day of each month (Reference Date).‌ (b) For each claim made under clause 11.4(a), RMS must give the City Representative: (i) full particulars of the Works completed; (ii) details of the cost of the Works completed; (iii) a certificate from the financial auditor engaged in connection with the Alliance stating that they have reviewed the costs in the claim and certify that all costs claimed are directly related to the Works and RMS must ensure that the certificate be for the benefit of the City; and (iv) a copy of the Alliance invoice (or of any other contractor engaged by RMS or the Alliance) for the Works completed and a copy of all other information submitted by the Alliance (or the other contractor) in support of the invoice. (c) Within 10 Business Days of receipt of a progress claim under clause 11.4(a), the City may notify RMS if it considers the progress claim to be incorrect.‌ (d) If the City does not provide a notice under clause 11.4(c) in relation to a progress claim, the City must pay RMS the amount claimed within 20 Business Days of receiving the progress claim. (e) If RMS gives a notice under clause 11.4(c), RMS must within 10 Business Days of receipt of such notice, either: (i) provide further evidence to the satisfaction of the City to support the progress claim; or‌ (ii) issue a revised progress claim to correct any error. (f) If RMS provides further evidence under clause 11.4(e)(i) and the City still considers the progress claim to be incorrect, the City may refer the matter for determination under clause 20. (g) If RMS provides either: (i) further evidence under clause 11.4(e)(i); or (ii) a revised progress claim under clause 11.4(g)(ii),‌ and the City is satisfied that the progress claim is correct, the City must pay RMS the amount claimed within 10 Business Days of receiving the further evidence or revised progress claim (as applicable). (h) RMS acknowledges and agrees that payment by the City of a progress claim is not evidence that the subject Works have been carried out in accordance with this Agreement. (i) If, at any time prior to the Date of Practical Completion of the last Works Portion, RMS reasonably considers that the total Works Costs to achieve Practical Completion will exceed the TOC and the agreed RMS Costs:‌ (i) RMS must notify the City, including full deta...
Sample 1
Payment by the City. Administered through the City’s Event Services budget, the City of Kelowna will pay to Festivals Kelowna, during the Term of this agreement, an annual amount of $256,000 as a service fee for the delivery of the programs. This annual amount will be adjusted annually starting January 1, 2024, by the BC CPI Annual average for the prior calendar year to a maximum 5% annually. In any calendar year, should the CPI be a negative, no adjustment will occur. The annual amount will be payable in four installments on or before January 15, April 15, July 15, and October 15 of each year. In addition, the City will pay $14,000 annually for facility rent at Prospera Place on Canada Day.
Sample 1
Payment by the City. CITY agrees to pay invoices for all professional services performed as soon as reasonably possible, but not later than thirty (30) days from receipt. Upon dispute, however, the CITY may, upon notice to the CONSULTANT, withhold payment to the CONSULTANT for the amount in dispute only, until such time as the exact amount of the disputed amount due to the CONSULTANT is determined.
Sample 1
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Payment by the City. Provided Lessee performs its obligations contained in Exhibit H and this paragraph 10 (including but not limited to providing the City with pay applications pursuant to a schedule of values and associated documentation), the City will reimburse Lessee for all Seawall Improvements in an amount not to exceed the budget set by the City.
Sample 1
Payment by the City. Subject to the right of Concessionaire to contest taxes, assessments and governmental charges as hereinabove provided, the City may, at any time that the payment of any item of taxes, special assessments or governmental charges which Concessionaire is obligated to pay under the provisions of Section 4.02 remains unpaid, give written notice to Concessionaire of its default and if Concessionaire continues to fail to pay such item of taxes, special assessments or governmental charges or to contest the same in good faith, then at any time after fifteen (15) days from the date of such written notice the City may pay the items specified in the notice and Concessionaire covenants thereupon on demand to reimburse the City any amount so paid or expended in the payment of the items specified in the notice, with interest thereon at the Floating Rate (as hereinafter defined) from the date of such payment by the City until repaid by Concessionaire; provided however, if the City, without giving the fifteen (15) days- notice provided for above, pays any such item which has not been paid by Concessionaire within the time required in Section 4.02, or which has not then or thereafter been successfully contested by Concessionaire, Concessionaire shall nevertheless reimburse the City for such item, but without interest. The term "Floating Rate" shall mean the annual rate of interest from time to time published or announced by The Wall Street Journal. as the prime rate or base commercial lending rate, or if The Wall Street Journal (or any other money center bank selected pursuant to this sentence) shall ever cease to exist or cease to announce a prime rate or base commercial lending rate, then the annual rate of interest from time to time announced by Citibank, N.A. (or by any other New York money center bank selected by the City) as its prime rate or base commercial lending rate.
Sample 1

Related to Payment by the City

  • Assignment by the Company The rights, interests or obligations of the Company hereunder may not be assigned, by operation of law or otherwise, in whole or in part, by the Company without the prior written consent of the Investor.

  • Employment by the Company Executive agrees to be employed by the Company during the Term upon the terms and subject to the conditions set forth in this Agreement. Executive shall serve as an executive of the Company and shall have such duties as may be prescribed by the Company and shall serve in such other and/or additional position(s) as the Company may determine from time to time.

  • Payment by the Judicial Council A. In accordance with the terms and conditions of this Agreement, the Judicial Council will pay the Contractor the actual cost not to exceed the total Contract Amount, as set forth in Table 1, below, for performing the Work of this Agreement. Payment will be at the prices set forth herein and based upon the actual and allowable cost to perform the Work. Sleeping Rooms C $@,@@@.@@ Meeting and Function Rooms D $@,@@@.@@ Food and Beverage Service E $@,@@@.@@ Miscellaneous Requirements and Expenses F $@,@@@.@@ B. In the event the Agreement is terminated pursuant to one of the termination provisions of this Agreement, the Judicial Council will make any allowable or applicable payments, not to exceed the total Contract Amount set forth in Table 1, above, in any event. The Contractor shall xxxx the Judicial Council for the applicable payments in accordance with the provisions of this exhibit.

  • Voluntary Adjustment by the Company The Company may at any time during the term of this Warrant reduce the then current Exercise Price to any amount and for any period of time deemed appropriate by the Board of Directors of the Company.

  • Assignment by the Seller The Seller shall assign (exclusive of the Seller’s rights arising under Section 8.02(iii) and 8.03), its interest under this Agreement to the Depositor, which in turn shall assign such rights to the Trustee, and the Trustee then shall succeed to all rights of the Seller under this Agreement.

  • Actions by the Company Any action, election or determination by the Board or any committee thereof pursuant to or relating to this Agreement will be effective if, and only if, it is taken or made by (or with the prior approval of) a majority of the members of the Board who are not at the time employees of Holdings or any of its Subsidiaries.

  • Payments by the Company The Company shall use its best efforts to obtain effectiveness of the Registration Statement as soon as practicable. If (i) the Registration Statement(s) covering the Registrable Securities required to be filed by the Company pursuant to Section 2(a) hereof is not filed by the Filing Date or declared effective by the SEC on or prior to one hundred and twenty (120) days from the Filing Date, or (ii) after the Registration Statement has been declared effective by the SEC, sales of all of the Registrable Securities cannot be made pursuant to the Registration Statement, or (iii) the Common Stock is not listed or included for quotation on the Nasdaq National Market ("NASDAQ"), the Nasdaq SmallCap Market ("NASDAQ SMALLCAP"), the New York Stock Exchange (the "NYSE") or the American Stock Exchange (the "AMEX") after being so listed or included for quotation, or (iv) the Common Stock ceases to be traded on the Over-the-Counter Bulletin Board (the "OTCBB") or any equivalent replacement exchange prior to being listed or included for quotation on one of the aforementioned markets, then the Company will make payments to the Investors in such amounts and at such times as shall be determined pursuant to this Section 2(c) as partial relief for the damages to the Investors by reason of any such delay in or reduction of their ability to sell the Registrable Securities (which remedy shall not be exclusive of any other remedies available at law or in equity). The Company shall pay to each holder of the Notes or Registrable Securities an amount equal to the then outstanding principal amount of the Notes (and, in the case of holders of Registrable Securities, the principal amount of Notes from which such Registrable Securities were converted) ("OUTSTANDING PRINCIPAL AMOUNT"), multiplied by the Applicable Percentage (as defined below) times the sum of: (i) the number of months (prorated for partial months) after the Filing Date or the end of the aforementioned one hundred and twenty (120) day period and prior to the date the Registration Statement is declared effective by the SEC, provided, however, that there shall be excluded from such period any delays which are solely attributable to changes required by the Investors in the Registration Statement with respect to information relating to the Investors, including, without limitation, changes to the plan of distribution, or to the failure of the Investors to conduct their review of the Registration Statement pursuant to Section 3(h) below in a reasonably prompt manner; (ii) the number of months (prorated for partial months) that sales of all of the Registrable Securities cannot be made pursuant to the Registration Statement after the Registration Statement has been declared effective (including, without limitation, when sales cannot be made by reason of the Company's failure to properly supplement or amend the prospectus included therein in accordance with the terms of this Agreement, but excluding any days during an Allowed Delay (as defined in Section 3(f)); and (iii) the number of months (prorated for partial months) that the Common Stock is not listed or included for quotation on the OTCBB, Nasdaq, Nasdaq SmallCap, NYSE or AMEX or that trading thereon is halted after the Registration Statement has been declared effective. The term "APPLICABLE PERCENTAGE" means two hundredths (.02). (For example, if the Registration Statement becomes effective one (1) month after the end of such one hundred and twenty (120) day period, the Company would pay $5,000 for each $250,000 of Outstanding Principal Amount. If thereafter, sales could not be made pursuant to the Registration Statement for an additional period of one (1) month, the Company would pay an additional $5,000 for each $250,000 of Outstanding Principal Amount.) Such amounts shall be paid in cash or, at the Company's option, in shares of Common Stock priced at the Conversion Price (as defined in the Notes) on such payment date.

  • Guarantee by the Company Subject to the terms and conditions hereof, the Company, including in its capacity as holder of the Common Securities, hereby irrevocably and unconditionally guarantees to each person or entity to whom the Trust is now or hereafter becomes indebted or liable (the "Beneficiaries") the full payment when and as due, of any and all Obligations (as hereinafter defined) to such Beneficiaries. As used herein, "

  • Clean-Up Terminations by the Sellers (a) The Sellers shall have the right to elect to terminate this Agreement in the event that the remaining Serviced Appointments have generated LTM Fee Revenue that is less than 5% of the aggregate fee revenue generated by all Appointments that are Serviced Appointments as of January 1, 2024 in the twelve-month period prior to January 1, 2024. (b) In the event the Sellers elect to terminate this Agreement pursuant to clause (a) above, the Sellers shall, concurrently with such termination, pay to the Purchasers an amount equal to LTM Fee Revenue multiplied by 1.40. (c) For purposes of this Agreement, “LTM Fee Revenue” means the fee revenue (excluding net interest income but including money market fund fees) generated by all remaining Serviced Appointments in the last full twelve-month period prior to the time the Sellers elect to exercise their termination right pursuant to this Section 7.2.2.

  • Acceptance by the Company The Company acknowledges that, by signing this Election or arranging for the scanned signature of an authorised representative to appear on this Election, the Company agrees to be bound by the terms of this Election.

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